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Accountants keep busy at tax time: Average staff billable hours for accounting firms during the 2022 tax season was 1,467 hours, according to the CPA Journal. What does a financial advisor do?
Bottom Line, Inc. (formerly Boardroom, Inc.) is an American publisher of books, newsletters and Web articles that provide advice from experts on a wide variety of topics, predominantly health, health care, investing and personal finance but also food and nutrition, taxes and legal matters, career, privacy and security, home improvement, small business, travel, entertainment, automobiles ...
GOBankingRates spoke with Robert Persichitte, CPA at Delagify Financial, and Lei Han, CPA and professor of accounting at Niagara University, to learn more about five common red flags to watch out ...
The accounting profession is in a prolonged bear market. In recent years, over 300,000 accountants have left their jobs—thanks to retiring Baby Boomers and middle-aged professionals burning out ...
Freeadvice is a free US legal information web service that was established in 1997. In 2000 it was included by Forbes in its "Best of the Web" list, [1] and in 2004 it was identified by PC World as one of the Best 125 free websites, [2] and was featured sites in PC Magazine’s Best 1000 websites. [3]
In other types of consulting, there may be no specific qualification requirements. A legal consultant may have to be a member of the bar or hold a law degree. An accounting consultant may have to have an accounting designation, such as Chartered Accountant status. Some individuals become consultants after a lengthy and distinguished career as ...
The FATP privilege applies only to tax advice. The advice must be treated as confidential by both the accountant and the client to be covered by the privilege. If the communication is divulged to third parties, then it is not confidential. The privilege does not cover general business consultations or personal financial planning advice. [11]
Due to the risk of liability, CPAs and accounting firms may carry professional liability insurance to provide some protection from legal claims and lawsuits, although some firms choose to self-insure. [4] Concerns about high damage awards and insurance costs have led to proposals to limit liability for public accounting firms. [5]
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